CLR Path decision modeling allows you to score a member based on what you already know about them, without pulling a credit report. Let’s learn more about this feature “in a nutshell.”
The CLR Path feature allows you to “score” a member based on what you already know about them, without pulling a credit report. Let’s learn more about this feature “in a nutshell.”
CLR Path (Consumer Lending on Reputation) is a non-FICO approach to lending that uses your unique relationship with your members to help you make underwriting decisions. Pronounced “clear path,” this feature evaluates the strength of your relationship with the member based on what is already in CU*BASE and gives a loan approval recommendation without needing to pull (or pay for) a credit score!
Due to the cooperative model at CU*Answers, all CU*BASE credit unions can use CLR Path tools for FREE!
Interested in learning more? Check out the CU*Answers Store page devoted to CLR Path: https://store.cuanswers.com/product/clr-path/
Configurable, customizable, and FREE, CLR Path evaluates data you already own – most of which the credit bureaus don’t even know – such as how long the membership has been open, member age, account balances, loan history, and ACH/payroll deposits. You give points for each criterium, and can even give negative points for attributes such as delinquency. You can configure as many configure as many CLR Path templates as you wish.
Refer to the CLR Path Decision Modeling booklet for what tables (files) and columns (fields) CLR Path uses.
Once the CLR Path program template is configured, it is then attached to a loan product on the General Information screen. During the loan application process, if the loan is attached to this loan product, the CLR Path model is run against the member.
The CLR Path Decision Advisor runs at the time of the loan application and gives a score for the primary member. (Joint Owners and non-members will not be evaluated.) You can also run the member against a selected program template and view prior scores attached to the membership via Action codes.